Ford Motor Company released an ad campaign this month titled “Committed to America,” stating that it assembles more vehicles in the U.S. and employs more hourly workers in the country than any other automaker. “From America. For America,” its tagline read. Many advertisers will have to choose their words carefully, however, because even companies with … Read More
According to a Wall Street Journal report, BMW said that it will cover the inflated costs from the Trump administration’s tariffs on its cars made in Mexico, until at least May. Other companies are giving customers a window of reprieve to buy without fear of higher prices. Hyundai moved to reassure customers that it would … Read More
Between 1861 and 1933, US tariffs on foreign imports averaged 50% – among the highest in the world. Tariffs also contributed nearly half of all government revenues. Federal income taxes were only introduced, after much opposition, in 1913. Many American politicians in the 19th century believed that US industry needed protection from its more efficient … Read More
The USGS study underscores the importance of building supply chain resilience through measures such as expanding stockpiles of critical minerals, investing in recovery of gallium and germanium from mine waste, and enhancing recycling efforts to recover these minerals from e-waste. Additionally, the report highlights the need for a comprehensive approach to mineral supply chains, including … Read More
In “A User’s Guide to Restructuring the Global Trading System,” Stephan Miran makes a compelling case that — contrary to popular belief — tariffs can achieve a multitude of aims without causing inflation or market volatility. Miran begins his case by stating that the U.S. dollar is heavily and consistently overvalued because “dollar assets function … Read More
